Tech industry
Tech industry

Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China

Apple faced challenges with declining sales, especially in China, due to competition from Huawei and other big tech companies performing better financially. [ more ]

TechCrunch

2 hours ago

Apple: pay attention to emerging markets, not falling China sales | TechCrunch

Apple CFO addresses concerns over China revenue drop by highlighting growth in other emerging markets. [ more ]

New York Post

Apple sales drop but Tim Cook sees return to growth as iPhone maker invests in AI

Apple reported shallower revenue decline than expected, expecting sales growth with AI investment. [ more ]

www.theguardian.com

3 hours ago

Apple reports slumping iPhone sales as global demand weakens

Apple's revenue dropped due to declining iPhone sales, but exceeded expectations. The company saw growth in services and announced a stock buyback. [ more ]

Quartz

11 hours ago

Google paid Apple $20 billion to be Safari's default search engine

Google paid Apple $20 billion to remain Safari's default search engine in 2022, highlighting the substantial cost of maintaining search dominance. [ more ]

moreapple

Engadget

5 hours ago

Microsoft's latest Windows security updates might break your VPN

Windows April security updates may cause VPN issues, prompting users to uninstall updates as a temporary workaround. [ more ]

TechCrunch

Apple earnings see 10% iPhones sales drop | TechCrunch

Apple reported a 10% drop in iPhone sales primarily due to a slowdown in China and slow adoption of AI. [ more ]

Ars Technica

5 hours ago

DOJ explains how Google-Apple deal should have been done to avoid legal peril

Google's market dominance and alleged anti-competitive practices in search have led to the DOJ antitrust trial questioning its strategies and impact on competition and innovation. [ more ]

Forbes

6 hours ago

Google Search Used To Be Great

Google integrates Lens technology into Search, impacting users' experience and search quality. [ more ]

antitrust

Quartz

8 hours ago

Google's landmark antitrust trial is coming to a close

Google faces significant antitrust allegations, accused of using anticompetitive tactics to maintain a monopoly over search engine services. [ more ]

Theregister

10 hours ago

Antitrust trial against Google comes to closing arguments

Google pays billions to remain default search engine, facing antitrust lawsuit for monopoly practices. [ more ]

New York Post

10 hours ago

Google paid Apple $20B in 2022 alone for default status: docs

Google paid $20 billion to Apple in 2022 as a default search engine on Safari, raising antitrust concerns. [ more ]

www.npr.org

U.S. v. Google: As landmark 'monopoly power' trial closes, here's what to look for

The landmark Google monopoly trial between U.S. Justice Department and Google aims to decide if Google abused its monopoly power in online search.

The case could have significant implications for future antitrust actions against tech companies. [ more ]

www.nytimes.com

16 hours ago

Tech Industry Braces as Google Antitrust Trial Closes

The U.S. vs. Google antitrust trial will impact the tech giant's operations and potentially set a legal precedent for other tech companies. [ more ]

Trusted Reviews

17 hours ago

Google pays Apple a ridiculous amount to be Safari search engine

Google paid Apple a staggering $20 billion in 2022 for default search status on Safari. [ more ]

moreantitrust

TechCrunch

3 hours ago

Apple iPad event: What to expect | TechCrunch

Apple hosting 'Let Loose' event for iPad Pro, iPad Air, Apple Pencil, and potentially the M4 chip. [ more ]

competition

Futurism

3 hours ago

Economist Slams Elon Musk for Making Tesla a "Tech-Bubble" Meme Stock

Tesla's high valuation is concerning despite quarterly losses. [ more ]

www.cbc.ca

17 hours ago

Can a Toronto-based ride-hailing startup compete with Uber and Lyft? | CBC News

Harrison Amit aims to revolutionize the ride-hailing industry by offering drivers 100% of the fare, distinguishing Hovr from its competitors. [ more ]

morecompetition

www.nytimes.com

8 hours ago

Judge Grills U.S. and Google on Antitrust Claims

Judge's scrutiny of both sides' cases in landmark antitrust challenge to Google could reshape the tech industry. [ more ]

The Business of Fashion

9 hours ago

Op-Ed | Who Could Buy TikTok?

ByteDance's legal argument regarding TikTok and free speech rights is at stake in potential acquisition scenarios. [ more ]

Ars Technica

7 hours ago

Wear OS will soon be at 50 percent of Apple Watch sales

Wear OS is experiencing a comeback with a Samsung partnership, gaining 21% market share and expected to reach 27% by 2024. [ more ]

Business Insider

Amazon, Microsoft, and Alphabet are doubling down on AI for the cloud - and it seems to be paying off

AI efforts boost Amazon, Microsoft, Alphabet's cloud revenue, contributing to Q1 earnings surpassing estimates. [ more ]

Engadget

9 hours ago

You can finally use passkeys to sign into your Microsoft account

Microsoft has introduced consumer passkey support for Microsoft accounts, following Apple and Google, making sign-ins easier and more secure. [ more ]

Ars Technica

10 hours ago

April updates for Windows 10 and 11 break some VPN software, Microsoft says

Microsoft is investigating a bug in recent Windows updates affecting VPN software. [ more ]

New York Post

Google grilled in closing arguments of landmark DOJ antitrust case: 'You really think that DuckDuckGo is a competitor?'

A federal judge hammered key elements of Google's defense on Thursday as closing arguments began in a landmark antitrust trial that could potentially upend the tech giant's online search empire.

Futurism

9 hours ago

Tesla Fans Furious as Company Fires Supercharger Team, Cancels Supercharger Leases

Tesla CEO Elon Musk let go of the team handling Supercharger network, upsetting Tesla owners relying on the reliable fast-charging network. [ more ]

Fast Company

This Tesla team quietly built one of its superpowers. Why did Elon pull the plug on it?

Tesla's Supercharger network became the industry standard, unlocking federal funds and potential utility-like revenue.

Despite its success, Tesla's charging team, led by Rebecca Tinucci, was abruptly fired in a seemingly erratic move by Elon Musk. [ more ]

The Verge

11 hours ago

Microsoft launches passkey support for all consumer accounts

Microsoft introduces passkey support for all consumer accounts, enabling easier login without passwords across devices. [ more ]

ITPro

Internal emails reveal the fear that prompted Microsoft's OpenAI investment and pushed Google into an AI panic

Microsoft invested heavily in OpenAI due to concerns about Google's advancements in AI, reflecting a reactive approach in the competitive AI landscape. [ more ]

Fast Company

Carvana stock price is soaring after the 'best financial results in company history'

Carvana stock surges over 37% in premarket trading on record financial results. [ more ]

Kotaku

7 hours ago

Fallout 3 And All Its DLC Will Be Free For Amazon Prime Members

Amazon Prime offers Fallout 3: Game of the Year Edition with DLC for free download to PC subscribers in May. [ more ]

Theregister

NTLM auth traffic spikes after Windows Server patch

Microsoft's April 2024 security update caused a significant increase in NTLM authentication traffic on Windows Server. [ more ]

The Nation

8 hours ago

Amazon Says Its Injury Rates Are Down. They're Still the Highest in the Industry.

In March 2024, Amazon released its annual safety report, announcing a decline in its warehouse injury rate for 2023.

ITPro

17 hours ago

Everything you need to know about Amazon Q, including features, pricing, and business tiers

AWS announces Amazon Q generative AI developer assistant to streamline coding tasks. [ more ]

Quartz

Amazon stock is up as its AI platform stands to challenge Google and Microsoft's

Amazon's AWS is experiencing a surge in sales, positioning the company to compete with AI leaders like Microsoft and Alphabet. [ more ]

The Seattle Times

Amazon boxes $10.4B profit for quarter

Amazon reported $10.4 billion profit in Q1 2024, emphasizing growth, with specific increases in AWS, advertising sales, and operating income. [ more ]

Android Central

Amazon earnings boosted by AI, ads, and cost-cutting

Amazon reported better-than-expected Q1 2024 earnings driven by cost-cutting measures and the success of AWS's AI capabilities. [ more ]

www.theguardian.com

Amazon sales soar with boost from artificial intelligence

Amazon reports surge in Q1 2024 sales powered by AI-driven growth, primarily in AWS. [ more ]

Newsday

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Amazon reported strong Q1 results with significant revenue growth driven by cloud computing and advertising from Prime Video.

U.S. consumer spending remains strong despite increased prices and borrowing costs, benefiting Amazon's sales.

AWS continues to be a pivotal part of Amazon's strategy in the AI competition, with steady revenue growth. [ more ]

ReadWrite

Microsoft's AI investment triggered by Google progress, show

Microsoft's $1 billion investment in OpenAI in 2019 was driven by concerns over Google's advancements in AI. [ more ]

WIRED

19 hours ago

Inside Ukraine's Killer-Drone Startup Industry

Ukraine improvising drones for combat with extended capabilities like remote detonation.

Ukrainians developing advanced drone technology with AI for future military applications. [ more ]

The Motley Fool

14 hours ago

2 No-Brainer Stocks to Buy Right Now for Less than $500 | The Motley Fool

Invest in industry leaders like Google and Microsoft for growth.

Alphabet's diversified revenue streams, including advertising and subscriptions, contribute to its profitability. [ more ]

SiliconANGLE

Google cuts at least 200 employees from its developer teams in its latest round of layoffs - SiliconANGLE

Google has recently laid off at least 200 employees from different product development teams, focusing on efficiency and prioritization. [ more ]

Engadget

Microsoft's OpenAI partnership was born from Google envy

The AI landscape's development can be attributed to fear, jealousy, and capitalist ambition, leading companies like Microsoft to invest heavily in OpenAI to compete with Google. [ more ]

SFGATE

Google lays off dozens in Bay Area on way to record valuation

Google announced laying off 50 Bay Area workers amid hitting a financial milestone, focusing on core team adjustments and investing in high-priority areas. [ more ]

The Atlantic

America Can't Stop Watching Creepy Robot Videos

Boston Dynamics is known for creating robots that both impress and terrify viewers, setting a trend for tech companies to follow suit. [ more ]

Ars Technica

All the ways streaming services are aggravating their subscribers this week

Streaming services like Peacock raised prices, testing subscriber's patience and loyalty. [ more ]

Retail Dive

Amazon services outpace retail growth in Q1

Amazon's non-retail services are outpacing retail sales, with a significant increase in net income driven by AWS and advertising services. [ more ]

New York Post

Google lays off 200 workers, shifts jobs to Mexico and India in latest restructuring

Google laid off 200 employees and shifted jobs overseas as part of a cost-cutting and restructuring effort. [ more ]

InsideEVs

Tesla Even Gives Up On Next-Gen Gigacasting: Report

Tesla is reportedly dropping its groundbreaking gigacasting technique for future vehicles, signaling a potential shift in manufacturing strategy. [ more ]

RAIN News

SiriusXM Q1: $1.7B revenue; $993M gross profit; podcasting the star in YoY growth - RAIN News

Podcast revenue rose by 16% YoY, showing a strong growth trend in podcasting for SiriusXM. [ more ]

The Verge

Microsoft's billion-dollar OpenAI investment was trigged by Google fears, emails reveal

Microsoft invested $1 billion in OpenAI in 2019 to catch up with Google's AI scaling efforts. [ more ]

Theregister

Google pulls RISC-V support from generic Android kernel

Support for RISC-V was removed from Android's GKI via a patch, requiring future support to be added by developers. [ more ]

Ars Technica

Rabbit R1 AI box revealed to just be an Android app

The Rabbit R1 is a smartphone replacement device running a limited Android OS without Google Play access, facing issues with functionality and battery life. [ more ]

TechCrunch

Microsoft taps Sanctuary AI for general-purpose robot research | TechCrunch

Microsoft is investing in general-purpose robotics AI, collaborating with Sanctuary AI for advancement in artificial general intelligence. [ more ]

Fast Company

Antitrust lawyers argue that Google and Apple's innovations are thanks to epic 1998 Microsoft trial

The U.S. Justice Department is pursuing antitrust cases against Google and Apple, drawing parallels to the Microsoft case in 1998. [ more ]

Theregister

Microsoft's FOMO on Google AI drove funding of OpenAI

Microsoft's CTO Kevin Scott expressed concern about a capability gap between Microsoft and competitors like Google and OpenAI in AI development. [ more ]

The Verge

Tesla reportedly shrinks its gigacasting manufacturing ambitions

Tesla shifting from gigacasting to piecing together underbody in three parts to adapt to challenges. [ more ]

The Motley Fool

Where Will Alphabet Stock Be in 1 Year? | The Motley Fool

Alphabet's stock surged to all-time high on strong earnings, new buyback plan, and new dividend.

Alphabet's core businesses, including Google's advertising, subscriptions, platforms, and devices, are accelerating again. [ more ]

Theregister

Microsoft admits VPN problems in Windows after April update

Microsoft's April Windows update can cause VPN connection failures in Windows 10 and 11. [ more ]

Ars Technica

Email Microsoft didn't want seen reveals rushed decision to invest in OpenAI

In mid-June 2019, Microsoft co-founder Bill Gates and CEO Satya Nadella received a rude awakening in an email warning that Google had officially gotten too far ahead on AI and that Microsoft may never catch up without investing in OpenAi.

nordicinst 1 day ago

Financial Times @ft: Sam's Club's AI-powered exit tech reaches 20% of stores | TechCrunch. #aiforgood #MachineLearning #robotics https://t.co/8DgPKfnZmp

TechCrunch

Sam's Club's AI-powered exit tech reaches 20% of stores | TechCrunch

Sam's Club uses AI for checkout-free technology to speed up exits, contrasting Amazon's shift from AI-powered checkout-free tech. [ more ]

www.marketingdive.com

Amazon's Prime Video ads rollout gains traction ahead of upfronts debut

Amazon's advertising revenue grew 24% to $11.82 billion in Q1, driven by sponsored product ads on its e-commerce platform and ads on Prime Video. [ more ]

Theregister

AMD Q1 disappoints, but new datacenter CPUs and GPUs coming

AMD's datacenter revenue soared by 80%, aiming for $4 billion from GPUs but faced lukewarm response from market analysts. [ more ]

Theregister

Huawei's rebounds from sanctions with profits up 564 percent

Huawei's net profits grew by 564% despite US sanctions. [ more ]

Cloud Pro

AWS keeps pace with Microsoft, Google in cloud sector war of attrition

AWS demonstrates strong growth, maintaining pace with Google and Microsoft in the cloud market. [ more ]

Gadgets 360

Xbox Games Showcase Set for June 9, Call of Duty Reveal Reportedly Planned

Microsoft to host Xbox Games Showcase for first-party titles in June, including a Direct event for an unnamed title. [ more ]

Theregister

AWS hits $100 billion revenue run rate, expands margins

AWS is projected to reach $100 billion revenue by FY2024 and contributes significantly to Amazon's operating income. [ more ]

NZ Herald

Amazon reports strong 1Q results driven by AI, cloud and Prime Video ad dollars

Amazon reported strong Q1 results driven by cloud and advertising growth. [ more ]

WRAL.com

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Amazon's strong first-quarter results are attributed to growth in cloud computing and advertising revenue from Prime Video. [ more ]

WPXI

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Amazon reported strong Q1 results with revenue of $143.31 billion, driven by cloud computing and Prime Video advertising, beating analysts' expectations. [ more ]

www.nytimes.com

Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024

Amazon reported highest Q1 profit, focusing on retail efficiencies and cloud computing growth. [ more ]

Boston 25 News

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Amazon reported strong Q1 results, driven by cloud computing and advertising revenue from Prime Video. [ more ]

Fast Company

For Siri, Alexa, and Google Assistant, it's now or never

Alexa often asks me, unprompted, if I'd like it to give me a heads-up when snow is forecasted.It's an unexpectedly proactive gesture.

Theregister

Microsoft CEO pledges $1.7B for AI and cloud in Indonesia

Microsoft to invest $1.7 billion in Indonesia to build data centers and expand presence. [ more ]

New York Post

Amazon posts 13% jump in sales, sending shares higher - but fails to deliver dividend

Amazon forecasts lower Q2 revenue due to cautious business spending on cloud services. [ more ]

GeekWire

Amazon stock rises as Q1 earnings top estimates with $143.3B in revenue; AWS sales up 17%

Amazon exceeded Q1 revenue and earnings per share estimates, driven by Amazon Web Services and advertising growth. [ more ]

WIRED

The Affordable Connectivity Program Kept Them Online. What Now?

The Affordable Connectivity Program (ACP) is crucial to bridge the digital divide and ensure access to essential services for many individuals. [ more ]

NewsChain

Amazon reports strong Q1 results driven by cloud-computing unit and Prime Video

Amazon reported strong Q1 results with revenue at $143.31 billion and net income at $10.43 billion, driven by cloud computing and Prime Video advertising. [ more ]

WFTV

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Amazon reported strong Q1 results with revenue of $143.31 billion driven by cloud computing growth and increased advertising revenue from Prime Video. [ more ]

Investor's Business Daily

Amazon Stock Gains On Earnings Beat, Strong Cloud Growth

Amazon reported strong Q1 earnings, beating expectations but provided weaker guidance for the current quarter. [ more ]

The Drum

With release of Q chatbot, Amazon's enterprise AI strategy appears to mirror Microsoft's

Amazon introduces AI chatbot Q for AWS customers to enhance productivity and decision-making. [ more ]

Inc.com

Americans Worry About Social Media's Growing Power

Public opinion towards social media influence is shifting negatively in the U.S., with more Americans perceiving Big Tech companies to have excessive political influence. [ more ]

TechCrunch

Samsung's operating profit soars 930% as AI tailwinds drive demand for memory chips | TechCrunch

Samsung's operating profit surged over 930% in Q1 2024 due to high demand for servers, memory chips, and storage. [ more ]

Ars Technica